Insider Selling: UiPath (NYSE:PATH) Insider Sells $399,409.64 in Stock

UiPath, Inc. (NYSE:PATH) insider Raghavendra Malpani sold 29,564 shares of UiPath stock in a transaction on Friday, October 9th. The stock was sold at an average price of $13.51, for a total value of $399,409.64. Following the transaction, the insider owned 1,514,281 shares in the company, valued at approximately $20,457,936.31. This represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Raghavendra Malpani also recently made the following trade(s):

• On Thursday, September 17th, Raghavendra Malpani sold 40,464 shares of UiPath stock. The stock was sold at an average price of $14.00, for a total transaction of $566,496.00.

UiPath Price Performance

NYSE:PATH opened at $13.67 on Friday. The company’s 50-day moving average is $14.74 and its two-hundred day moving average is $12.38. UiPath, Inc. has a 1-year low of $9.20 and a 1-year high of $19.84. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.23 and a beta of 1.01.

UiPath (NYSE:PATH) last announced its quarterly earnings results on Thursday, September 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $410.26 million during the quarter, compared to the consensus estimate of $397.77 million. UiPath had a net margin of 21.03% and a return on equity of 9.70%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 EPS. As a group, equities analysts anticipate that UiPath, Inc. will post 0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

PATH has been the subject of a number of recent analyst reports. Oppenheimer reiterated a “market perform” rating on shares of UiPath in a research report on Friday, September 4th. TD Cowen restated a “hold” rating and issued a $16.00 price objective on shares of UiPath in a report on Wednesday, September 23rd. Citigroup began coverage on shares of UiPath in a research report on Tuesday, September 8th. They set a “buy” rating and a $23.00 price objective for the company. Weiss Ratings upgraded UiPath from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 9th. Finally, BMO Capital Markets decreased their target price on UiPath from $18.00 to $15.00 and set a “market perform” rating on the stock in a research note on Thursday, September 24th. Four equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PATH. Trifecta Capital Advisors LLC acquired a new position in UiPath during the 2nd quarter worth $27,000. CoreCap Advisors LLC increased its holdings in UiPath by 68.7% during the 3rd quarter. CoreCap Advisors LLC now owns 2,679 shares of the company’s stock worth $34,000 after purchasing an additional 1,091 shares during the period. AdvisorNet Financial Inc raised its position in UiPath by 750.0% in the 1st quarter. AdvisorNet Financial Inc now owns 3,400 shares of the company’s stock valued at $38,000 after purchasing an additional 3,000 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in UiPath in the 2nd quarter valued at about $57,000. Finally, Versant Capital Management Inc raised its position in UiPath by 103.6% in the 3rd quarter. Versant Capital Management Inc now owns 4,845 shares of the company’s stock valued at $62,000 after purchasing an additional 2,465 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Company Profile

UiPath, Inc is a software company that develops an enterprise automation platform designed to help organizations automate repetitive, rules-based and increasingly complex business processes. Its platform combines robotic process automation, artificial intelligence, workflow orchestration, process mining, document processing and application integration tools to support automation across departments and business systems.

UiPath offers products and services for discovering automation opportunities, building and managing software robots, processing documents and other unstructured data, and governing automation programs at scale.